Categories AlphaGraphs, Earnings, Technology
Advanced Micro Devices (AMD) Q2 earnings beat on 26% revenue growth; stock gains
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-expected earnings for the second quarter of 2020 as revenues climbed 26%, mainly reflecting strong performance by the Computing and Graphics segment.
The top-line rose to $1.93 billion from $1.53 billion last year and came in above the Street view. Adjusted net income was $0.18 per share, compared to $0.08 per share a year earlier. The bottom-line also exceeded analysts’ forecast.
Net income, including special items, jumped to $157 million or $0.13 per share from $35 million or $0.03 per share in the second quarter of 2019.
Shares of Advanced Micro Devices closed Tuesday’s regular session lower, but made strong gains during the extended session following the earnings announcement.
Most Popular
WMT Earnings: All you need to know about Walmart’s Q2 2023 earnings results
Walmart Inc. (NYSE: WMT) reported second quarter 2023 earnings results today. Total revenue increased 8.4% year-over-year to $152.9 billion. Revenues grew 9.1% in constant currency. Consolidated net income attributable to
Rivian (RIVN) reaffirms production goals. Will it be a smooth ride?
The evolution of the electric vehicle industry accelerated in recent years even as innovations in battery technology and affordability brought EVs into the mainstream. Encouraged by the success of market
Pfizer (PFE): A look at the headwinds and tailwinds this pharma giant faces in the near term
Shares of Pfizer Inc. (NYSE: PFE) were down on Monday. The stock has dropped 15% year-to-date and there is a mixed sentiment surrounding the company’s growth prospects. Pfizer has benefited
